International Markets

April 2, 2020

It was a good day for oil: Canada’s main stock index rose on Thursday, led by energy shares as crude prices posted their biggest-one day gains on record on Thursday. The Toronto Stock Exchange’s S&P/TSX Composite index finished unofficially up 221.39 points, or 1.72%, at 13,097.76. Nine of the ...

Asia’s Morning: Big Bazooka’s Everywhere

Central Banks around the world appear to be about to deploy more large calibre monetary weaponry than an NRA convention. Both the Federal Reserve and Reserve Bank of New Zealand have enacted emergency rate cuts overnight. The actions of the Fed cutting the fed funds rate by 100bps to 0.0-0.25%, wi ...

World stocks set for worst week since 2008 financial crisis

By Abhinav Ramnarayan LONDON, March 13 (Reuters) - World stocks were set on Friday for their worst week since the 2008 financial crisis, with coronavirus panic-selling hitting nearly every asset class and investors fretting that central bank action may not be enough to soothe the pain. European sto ...

Asia Morning: Put Down That Axe Jason, You’ll Hurt Somebody

As if this week couldn’t get any stranger, today is a real Black Friday, Friday the 13th. Friday the 13th is also a rather infamous series of slasher movies, with the main protagonist, Jason Voorhees, resurrected in a series of sequels to wreak havoc on the local teen population on Friday the 13 ...

March 12, 2020

So, it was a day and a half, it was: Stocks continued their plunge on Thursday, as President Trump’s latest effort to address the coronavirus outbreak — a ban on the entry from most European countries to the United States — disappointed investors who have been waiting for W ...

Global stocks plunge into bear market as Trump stuns with Europe travel ban

By Ritvik Carvalho LONDON, March 12 (Reuters) - Global stocks plunged into a bear market and oil slumped on Thursday after U.S. President Donald Trump banned travel from Europe to stem the coronavirus, threatening more disruption to the world economy. With the pandemic wreaking havoc on the daily l ...

US Open – UK Stimulus, Lagarde reiterates urgency to act, Biden vs Trump, Oil rebound ends, Gold steadies

US stock futures are poised for a lower open as the coronavirus spread in the US tops 1,000, a 1-mile containment zone was setup just outside of New York city, and as expectations grow for further bans of community gatherings. The virus spread is intensifying in Europe and the US, but we could be ...

Trump Topples Markets: Stops Travel From Europe

President Trump has just announced a suspension of all travel from Europe for 30 days except for the United Kingdom. That headline was enough to send Asian shares, already wobbling at the knees, sharply lower in early trading with commodity markets following shortly after. Apart from the usual, an ...

Stock rebound runs out of steam despite emergency BoE cut

By Tommy Wilkes LONDON, March 11 (Reuters) - The rebound in stocks ran out of steam on Wednesday despite the Bank of England joining other central banks in cutting interest rates, as investors weighed up whether coordinated monetary and fiscal stimulus could counter the shock from coronavirus. The ...

The Future’s Bright, the Future’s Orange

The future’s bright, the future’s orange, was the ubiquitous slogan of a UK telecommunications company in the UK that was called, unsurprisingly, Orange. Orange has been long absorbed into larger Telco’s and consigned to history. But financial markets also appear to be hoping the future is a ...